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10 The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions) art 2 of 4

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10 The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions) art 2 of 4 47 onts Accounts Payable Accounts Receivable Alreraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense Landing Peen Txpense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31) Salaries and Wages Expense Supplies Ticket Revenues $4,460 620 9,100 3,010 1,240 40 14,850 230 170 3,500 6,970 1.600 6,510 3,340 700 19.100 eBook PA References 2. Prepare a statement of retained earnings for the year ended December 31. TIP: Assume the balance in Retained Earnings was $5,390 million) at January 1 (Enter your answers in millions (l ... 10,000,000 should be entered af 10.)) NATIONAL AIRWAYS. Incorporated Statement of Retained Earnings For the Year Ended December 31 (Amounts in millions) Retained Erings January 1 $ Add: Not Income Les Dividends Retired Earrings December 31 6,300

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